Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610332
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE : COIMBATORE
Reserve Price:₹28,45,000
EMD:₹2,84,500
Bid Increment:₹50,000
Auction Time:01:30 P.M. to 02:30 P.M.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This auction features a prime piece of real estate in Krishnarayapuram, Karur, Tamil Nadu. The property, categorized as a residential land and building, is being auctioned by South Indian Bank. It offers a great opportunity for investment or personal use in a developing area. The land and building are offered as a single unit.
State:Tamil Nadu
City:Karur
Area:Krishnarayapuram
Asset Category:Residential
Full Address:35/10, Door No.35/10, Balarajapuram Village, Krishnarayapuram Taluk, Karur District, Krishnarayapuram, Karur
Size:2260 Sq.Ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a land and building property located in Krishnarayapuram, Karur, Tamil Nadu. The auction will take place on November 26, 2025, from 01:30 PM to 02:30 PM. The reserve price is set at ₹28,45,000, with an Earnest Money Deposit (EMD) of ₹2,84,500 required to participate. This is a unique opportunity to acquire a property through a bank auction.
Borrower Name:Mr. Kumarasamy K
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ramesh K, Mrs. Rajeswari Nagulsami
Legal Details
Possession Status:Physical
Encumbrance Details:No Encumbrance
Why This Property
The property is a land and building in a developing locality, Krishnarayapuram. While the reserve price seems reasonable, further due diligence is needed to assess the full potential. The auction terms are standard, making it a calculated investment opportunity.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : COIMBATORE
Service Provider:bankauctions.in
Contact Details:
Contact no:8870749897
